Entertainment Startup TYT Network Brings In $20 Million
TYT Network announced it has secured $20 million in financing. Greycroft Partners, e.ventures, Wonder Ventures, and 3L Capital were among the firms that participated in the funding.
The Young Turks is a news show that covers politics, pop culture, and lifestyle. The left-leaning network is one of YouTube’s Top 50 Partners, with more than 30 million views a month. An award-winning online broadcast, The Young Turks won the 2011 People’s Voice Webby Award for Best News & Politics Series, the 2011 News/Politics Shorty Award, the Best Political Podcast 2009 at the Podcast Awards, and Best Political News Site 2009 at the Mashable Awards.
In its announcement, the company said TYT will use the investment to expand its management team and roster of creative talent, as well as to enhance its subscription offering, expand marketing initiatives, and strengthen content and community engagement.
